Your company can save time and money by directly depositing paychecks into your employees’ bank accounts. Direct Deposit is convenient for your employees, while reducing the time required in reconciling your monthly statement. In addition to payroll transactions, the ACH credit service can be used for employee reimbursements, commissions, bonuses, pension payments, shareholder dividends and other payment types.

Features

IBC’s Direct Deposit payroll service uses the standard NACHA file format that is available from most payroll systems

Using IBC Link, IBC’s Online Business Banking System, files can be sent directly from your payroll system or from a template that is available online